Why is Oil India falling/rising?

As of 26-Aug, Oil India Ltd. is experiencing a decline in its stock price, currently at Rs 399.00, which reflects a decrease of Rs 9.95 or 2.43%. The stock has underperformed its sector by 0.71% today and has touched an intraday low of Rs 397, marking a drop of 2.92%. Over the past week, the stock has decreased by 2.23%, and its performance over the last month shows a significant decline of 8.22%. Furthermore, the stock is trading below all key moving averages, indicating a bearish trend. Despite a high dividend yield of 3.06% and a low debt-to-equity ratio of 0.40, the company has reported negative results for the last four consecutive quarters, with profits falling by 20.22% in the latest six months. This has contributed to a substantial year-over-year decline of 43.30% in stock returns, which is significantly worse than the broader market's decline of 1.12%.
In the broader market context, Oil India's performance has been notably weaker than the benchmark, as evidenced by its one-year return of -43.30% compared to the Sensex's decline of only -1.12%. This stark contrast highlights the company's struggles relative to the overall market. The recent drop in investor participation, with a 43.93% decrease in delivery volume, further underscores the lack of confidence among investors. While the company has shown healthy long-term growth in net sales and operating profit, the negative sentiment stemming from consecutive quarterly losses and underperformance against the market has led to a bearish outlook for the stock.